ZIP Code · WA

ZIP 98275

Part of Mukilteo, WA

Pop. 21,323·Snohomish County·53rd most expensive ZIP in Washington

Median rent (all units)

$2,355/mo

Year-over-Year

+3.3%

Month-over-Month

-0.4%

vs US Median

+$423

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 98275 · $2,355

More expensive than 76% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$2,120

1 BR

$2,200

2 BR

$2,560

3 BR

$3,350

4 BR+

$3,940

Research median

$2,560/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

January. Asking rents in ZIP 98275 usually run 1.2% below trend in January and 1.5% above it in August, about $64 a month apart at today's median. Based on 8 years of data.

Compared with the peak

Rent in ZIP 98275 is 0.5% below its high of $2,366 in July 2026, at $2,355 as of September 2026.

Past year vs. the rest of Washington

Rent in ZIP 98275 changed +3.3% over the year to September 2026. Across the 193 Washington ZIP codes Zillow tracks, the typical change was +2.5%.

Rent vs. income since 2019

From 2019 to 2024, rent in ZIP 98275 rose 34.1% while median household income rose 22.4% ($108,536 to $132,861). Rent outpaced income.

Since before the pandemic

Rent in ZIP 98275 is 39.9% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent has fallen 2 months in a row, and rose in 6 of the last 12 months.

What a typical income covers

30% of the median household income ($132,861) is $3,322 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($2,560); a 3-bedroom is $3,350.

Cheaper nearby

ZIP 98204, 2 miles away, rents for 22% less ($1,840/mo), about $6,200 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 98275. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$28,260/yr

At $2,355/mo median

Location

CityMukilteo

StateWA

CountySnohomish County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (3.3% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+3.3% YoY, -0.4% MoM), not inventory.

Demographics

Who lives here

ZIP 98275 (Mukilteo, WA) is majority owner-occupied, has a median income above the national average, 56.3% of residents hold a bachelor's degree or higher.

Population

21,323

Median income

$132,861

Median age

42.8

Renters

29.4%

Age distribution

21%

18.1%

25.7%

17.3%

17.9%

Under 1821%

18–3418.1%

35–5425.7%

55–6417.3%

65+17.9%

Gender

51.2%

48.8%

Male51.2%

Female48.8%

Race & ethnicity

61.9%

18.6%

White61.9%

Black1.8%

Hispanic9.8%

Asian18.6%

Other8%

Education (25+)

14.7%

26.4%

56.3%

No HS diploma2.6%

HS diploma14.7%

Some college26.4%

Bachelor's+56.3%

Housing tenure

70.6%

29.4%

Owner70.6%

Renter29.4%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 98275 in Mukilteo, WA has changed in 5 years

Rent

$1,703 → $2,355

up 38.3%

Income

$109,738 → $132,861

up 21.1%

Population

21,409 → 21,323

down 0.4%

Renter share

29.7% → 29.4%

-0.3 pts

Bachelor's+

52.9% → 56.3%

+3.4 pts

Median age

44.6 → 42.8

-1.8 yrs

Across the past five years, the going rent in ZIP 98275 in Mukilteo, WA has shifted from $1,703 to $2,355, up 38.3% since 2021. On the earnings side, the typical household in ZIP 98275 in Mukilteo, WA now reports about $132,861, up from $109,738 in 2021. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Bachelor's-degree-or-higher attainment moved from 52.9% to 56.3% across the same window. For context, the 2021 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 98275 in Mukilteo, WA reflects that arc in its own way.

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Local insights

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About renting in ZIP 98275

Last updated: October 17, 2026

ZIP code 98275 covers Mukilteo, WA. The median rent here is $2,355/mo as of October 2026. A 1-bedroom rents for a median of $2,200/mo. A 2-bedroom rents for a median of $2,560/mo.

At 21% of local median household income ($132,861/yr), ZIP 98275 ranks as affordable compared to the national benchmark of 30%. Rents have increased 3.3% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 98275?

To keep rent at or below 30% of gross income, you would need to earn at least $94,000/year (about $45/hour full-time) to afford the median rent of $2,355/mo in ZIP 98275. The local median household income is $132,861/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 98275?

Rent in ZIP 98275 has risen 3.3% over the past year as of September 2026. It sits 0.5% below its high of $2,366 in July 2026.

When is the cheapest time to rent in ZIP 98275?

Asking rents in ZIP 98275 are usually lowest in January, about 1.2% below their yearly trend, and highest in August, about 1.5% above it. At today's median that is a gap of roughly $64 a month. This pattern comes from 8 years of Zillow rent data.

Has rent outpaced income in ZIP 98275?

Yes. From 2019 to 2024, rent in ZIP 98275 rose 34.1% while median household income rose 22.4%, from $108,536 to $132,861. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 98275 compare to other ZIPs in Washington?

ZIP 98275 is one of the pricier among Washington ZIP codes for rent, ranking #53 of 207 at $2,355/mo. Over the year to September 2026, rent in ZIP 98275 changed +3.3%, against a typical +2.5% across the 193 Washington ZIP codes Zillow tracks.